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Grey & Co Network Auctions two day September sale success

Posted on Thursday, October 8, 2015

The Press release:

Grey & Co Network Auctions two day September sale success

Leading UK auction house Grey & Co Network Auctions enjoyed considerable success with their two day September sale which took place in London and Birmingham.

With lots covering the length and breadth of the UK a success rate of 83% was achieved on both days with a total of £6.7 million being raised from the sales.

Highlights of the sale were a house requiring modernisation with a guide price of £179,000. The property had attracted an offer of £255,000 prior to auction but, acting on the auctioneer’s advice, the seller took the property to the room where a figure of £270,000 was achieved when the gavel fell.

A similar, but even more impressive sale, took place at the Birmingham day when a lot in Selly Oak which was guide priced at between £95,000 and £100,000 sold at £280,000. Again, there had been an offer prior to the auction at £180,000 but, acting on the auctioneer’s advice a much superior result was achieved by taking the property to the room.
Denis Banawa of Grey & Co Network Auctions said: “These sales demonstrate the advantage that auction can have over a normal private treaty sale and the huge added value an auctioneer can provide in advising on maximising value.

Our traditional auction offering is now complemented by Network-E, our online auction offering which is ideal for sellers who would not normally consider selling by auction but who would benefit from the greater certainty created within a less tight timeframe.

Anyone thinking of selling is invited to discuss with us all the options for disposal in order to maximise the opportunity for a sale and the value obtained.”
Grey & Co Network Auctions are now looking to accept lots for inclusion in their remaining sales of the year in October and December. Both of these sales will also be two day events with days in London and Birmingham. These will be the last opportunities to sell by auction in 2015 and potential sellers are advised to contact Grey & Co Network Auctions without delay to ensure that properties can be included.

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